In Colombia, natural gas is emerging as a central component of regional development strategies, particularly in gas-producing departments like Córdoba.
Ecopetrol’s Net Income decline in 2Q24 attracted much negative commentary. While we worry about the NOC’s medium and long term performance, this was not a great quarter for anyone from a Net Income perspective while operating results were as expected.
Ecopetrol (NYSE: EC) announced significant operational disruptions caused by a series of recent events, including the ongoing truckers’ strike, attacks on critical oil pipelines, and the takeover of a key gas plant.
The Ministry of Environment (MinAmbiente) expressed its support for an initiative led by social organizations and communities to prohibit fracking and unconventional oil and gas extraction in the country.
Ecopetrol (NYSE: EC) activated a contingency plan to ensure the availability of natural gas in northeastern Colombia, following the occupation of the Gibraltar gas plant by members of the local indigenous community.
The Administrative Court of Cundinamarca accepted a lawsuit filed against several ministries and state entities, in response to growing concerns about the risk of gas and oil shortages in Colombia.
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